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Discussion in 'Journals' started by Phil-n-Texas, Jan 22, 2020.

  1. somewhat messy daily chart but shows present swing excursion with fib and common retracement levels. more confluence with 38.2 level prior support (magenta lines) and pivots (both RTH and ETH).

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    #151     Feb 5, 2020
  2. 30m RTH chart showing gap fill. so now what?

    well there's the central pivot @ 9314.25, the 20ema, and the there's confluence with S1 pivot and 9273.5 which happens to be 38.2% retrace from daily chart mentioned above and there's more but you get the idea.

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    #152     Feb 5, 2020
  3. same thing but on 60m ETH chart. the case for double top and other possible pattern scenarios start to enter the "thought queue".

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    #153     Feb 5, 2020
  4. another daily chart but with fib drawn on previous swing/leg. again, looking at different scenarios that might influence price movement. different traders look at different stuff. sort of like reading tea leaves.

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    #154     Feb 5, 2020
  5. took this pic because VIX was exactly at ZERO. no conviction at that time. proceed with caution buzzer going off.

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    #155     Feb 5, 2020
  6. the 30m RTH again showing key support levels based on intraday and daily time-frames.

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    #156     Feb 5, 2020
  7. 5,15,30,60 chart quad on TOS showing MTF (multiple time frame) charts flying in formation. time-stamp upper left. yellow square (60m upper right) showing confluence from support on daily chart and RTH central pivot.



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    #157     Feb 5, 2020
  8. just showing the 5m RTH chart. if this is all that i was looking at i would be 1) worried it's going against me. or 2) winding up to drop another leg.

    but the higher time frames help eliminate a lot of this kind of noise but not always.

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    #158     Feb 5, 2020
  9. sanity check on pivots being honored in the past (hollow dots). also SL moved to just above closest 60m red bar. enough for beer money.

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    #159     Feb 5, 2020
  10. remember previous post about pattern scenarios creeping in?

    here's one...

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    #160     Feb 5, 2020